Nokia Oyj (NYSE:NOK) Shares Acquired by PDS Planning Inc

PDS Planning Inc raised its position in shares of Nokia Oyj (NYSE:NOK) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,304 shares of the technology company’s stock after purchasing an additional 2,665 shares during the quarter. PDS Planning Inc’s holdings in Nokia Oyj were worth $125,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NOK. Pzena Investment Management LLC grew its holdings in Nokia Oyj by 10.0% during the third quarter. Pzena Investment Management LLC now owns 90,785,960 shares of the technology company’s stock worth $396,735,000 after acquiring an additional 8,261,407 shares during the period. FMR LLC grew its stake in shares of Nokia Oyj by 1,012.3% in the 3rd quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock worth $133,273,000 after purchasing an additional 27,755,460 shares during the last quarter. TSP Capital Management Group LLC raised its holdings in shares of Nokia Oyj by 3.2% in the 4th quarter. TSP Capital Management Group LLC now owns 2,272,942 shares of the technology company’s stock worth $10,069,000 after purchasing an additional 70,100 shares in the last quarter. Waterfront Wealth Inc. lifted its stake in Nokia Oyj by 1.6% during the fourth quarter. Waterfront Wealth Inc. now owns 777,048 shares of the technology company’s stock valued at $3,442,000 after purchasing an additional 12,034 shares during the last quarter. Finally, Leuthold Group LLC acquired a new position in Nokia Oyj in the fourth quarter worth approximately $3,404,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NOK shares. The Goldman Sachs Group lowered Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective for the company. in a research note on Thursday, January 16th. StockNews.com cut Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. Craig Hallum raised their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. cut their price target on shares of Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a report on Friday, February 21st. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $5.85.

Nokia Oyj Price Performance

NYSE NOK opened at $5.36 on Thursday. The company has a 50 day simple moving average of $4.85 and a 200-day simple moving average of $4.57. Nokia Oyj has a 52-week low of $3.29 and a 52-week high of $5.48. The firm has a market capitalization of $29.20 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 6.43 and a beta of 1.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings results on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. Equities research analysts predict that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Nokia Oyj Company Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.